Krugman on Quantitative Easing and Inequality

Paul Krugman is on the mark in his comments on quantitative easing and inequality. The policy has helped boost the economy and create jobs, it is almost certainly a net gainer from the standpoint of distribution. I would make three additional points, all going in the same direction.

First, when comparing the real value of the stock market to prior levels which should expect an upward trend. The economy grows through time, as do profits, just assuming that profit share remains constant. The pr...